For the record it would be virtually impossible for "cashback" claims at TGT not to be paid because the site goes bust. As new claims are submitted that amount is matched each month in a ringfenced bank account up front.
At anytime the maximum possible amount owed to people is matched by £s set aside entirely for that purpose. If at anytime we are not in a position to match any new claims upfront ourselves, we would stop people being able to make new claims, so that people would not even be able to try and would know in advance no cashback was available and it would not be a problem then.
On a different line it is much much less likely you would not be paid because a Gambling site has not paid us, if it tracks as a registered sign up we always pay out regardless of getting any £s ourselves. Of course they usually turn up eventually anyway but if a claim meets all our T&Cs we pay now and wait rather than you having to. They dont always turn up but that is why it is a flat £5 because sometimes we actually got £10 and other times £0 but we pay people the £5 anyway.
(All the usual caveats about it does actually need to track, etc etc are still true at TGT as well though dont join anywhere just for cashback)
Have a plan and stick to it
I assume everyone else had the £25 Bwin cashback tied up in it too
I agree with snooty though, for most of us its not real cash until its paid, just a number on your balance sheet.
Just got back from 3 months travelling to find 2 cashback claims on TCB been declined/payable as £0, and then £25 in cashbackkings down the drain to. Bummer
It does say on a message from Cashbackkings MD that you should print screen/take screenshots of your account before the site shuts down just in case any liquidators require proof.
Obviously the chances of this happening are next to none, but worth doing just in case.
Glad I'm only with TCB and Quidco, fingers crossed they'll be ok for a while.
i wonder it this spells the slow end of cashback sites? Quidco were stung a wee while back with the collapse of one of their affiliates and i lost 50 quid from that
I think with Rpoints it was more a case of mismanagement and possibly more sinister stuff.
Ian Wells became MD for a while, which seems to have been the catalyst/cause of most the problems. Judging from his past Ian Wells is a piece of shit. And Im not one to call someone that lightly.
Its the same Ian Wells as in this story from 1997
In another report he states the girl is 'better off dead'.
Richard, the original 'R' in Rpoints seems only guilty of handing over control of the site to him, which he admits was a massive misjudgement. He hadnt looked into this guys past. I wish Richard success in the future, from what Ive seen hes an honest guy.
I'd be careful what you write on here regarding the management as it could be considered libellous.
Yeah thanks- for the record Ive only expressed my opinion about the undisputed facts presented in court.
Everything Ive said is either factually true or my own opinion based on the article I have linked to.
I was very careful about what I wrote trust me, Ian Wells is a shit-bag.
If anyone disagrees please point out where I have been potentially libellous.
I wasn't suggesting you had been libellous by the way. I just imagine someone might be monitoring this sort of thing considering the nature of it and the reputations of people involved. On other forums I'm a member of legal action has been threatened in the past so better safe than sorry.
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